{"id":16874,"date":"2025-03-09T10:46:31","date_gmt":"2025-03-09T10:46:31","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=16874"},"modified":"2025-03-09T10:46:31","modified_gmt":"2025-03-09T10:46:31","slug":"us-bitcoin-etfs-record-800-million-net-outflow-in-past-week-details","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=16874","title":{"rendered":"US Bitcoin ETFs Record $800 Million Net Outflow In Past Week \u2014 Details"},"content":{"rendered":"
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The US-based Bitcoin ETFs (exchange-traded funds) have continued to struggle in terms of investor participation and interest over the last few weeks. In the last week of February, the crypto-based financial products witnessed a record-breaking $1.14 billion single-day withdrawal<\/a>.<\/p>\n

The story wasn\u2019t any much different for the Bitcoin ETFs to start the month of March, registering a net outflow of nearly $800 million in the past week. This growing trend reflects the shift in the appetite and sentiment of institutional investors, especially in the United States.<\/p>\n

Bitcoin ETFs Post $409 Million Daily Net Outflow<\/strong><\/h2>\n

According to the latest market data<\/a>, the United States Bitcoin ETF market posted a daily net outflow of roughly $409 million on Friday, March 7. This marked the fifth consecutive day of withdrawals for the Bitcoin exchange-traded funds.<\/p>\n

Ark & 21 Shares Bitcoin ETF (with the ticker ARKB) saw the largest volume of withdrawals (over $160 million) on Friday. This was followed closely by Fidelity Wise Origin Bitcoin Fund (FBTC), which posted net outflows of approximately $155 million to close the week.<\/p>\n

BlackRock\u2019s Bitcoin Trust (IBIT), the largest Bitcoin exchange-traded fund<\/a> by net assets, declined in net value by $39.85 million on Friday. Meanwhile, Grayscale\u2019s Bitcoin Trust (GBTC) and Bitwise\u2019s BTC fund (BITB) followed with total outflows of roughly $36.5 million and $18.6 million, respectively, on the day.<\/p>\n

\"Bitcoin<\/p>\n

Interestingly, VanEck\u2019s Bitcoin fund (with the ticker HODL) was the only one of the US-based Bitcoin ETFs that recorded a net inflow on Friday. The exchange-traded fund added about $617,500 in value to close the week.<\/p>\n

As already mentioned, this single-day performance marked the fifth straight day of net outflows for the Bitcoin ETFs. The crypto-based products are yet to record an inflow day in March, as they last posted a net daily inflow on Friday, February 28.<\/p>\n

This $409 million single-day withdrawal put the Bitcoin ETFs\u2019 weekly performance at a net outflow of $799.9 million in the past week. Interestingly, this represents the fourth consecutive week<\/a> (and the second-highest ever) of net outflows for the crypto exchange-traded funds.<\/p>\n

Bitcoin Price At A Glance<\/b><\/h2>\n

The performance of the BTC exchange-traded funds in recent weeks somewhat mirrors the sluggish Bitcoin price action<\/a> within this same period. The price of Bitcoin has been unable to sustain any positive momentum from the somewhat improving crypto climate in the United States.<\/p>\n

As of this writing, the premier cryptocurrency is valued at around $86,100, reflecting an over 1% price decline in the past 24 hours. On the weekly timeframe, though, the Bitcoin price is up by more than 2%, according to data from CoinGecko.<\/p>\n

\"Bitcoin<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

The US-based Bitcoin ETFs (exchange-traded funds) have continued to struggle in terms of investor participation and interest over the last few weeks. In the last week of February, the crypto-based financial products witnessed a record-breaking $1.14 billion single-day withdrawal. The story wasn\u2019t any much different for the Bitcoin ETFs to start the month of March, […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-16874","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/16874","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=16874"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/16874\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=16874"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=16874"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=16874"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}